Insurance for a better world

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Event Information

Thursday, 25 March 2021

13:00–15:30 CET / 8:00–10:30 EDT

 

This virtual event, comprised of two panel sessions, set the stage for our 2021 PROGRES Seminar, which we hope to hold in person in Zurich in autumn 2021.

This event was held under Chatham House Rule in order to promote open and candid discussion.

 

 


Agenda (times in CET)

13:00–13:05 

Welcome remarks

 

 

 

13:05–14:00 

Session 1: Foresight on environmental risks

For the past several years, insurance regulatory and supervisory authorities have been exploring climate change-related risks; in parallel, insurers have been advancing methodologies and tools to implement the recommendations of the TCFD. Today many stakeholders are starting to realise that broader environmental issues, such as biodiversity loss and other environmental degradation, also have significant implications for insurers. In this session, experts will discuss regulatory approaches to climate and emerging environmental risks and what they mean for the insurance industry.

 

Confirmed speakers

 

 

14:00–14:05  

Break
 

14:05–15:00 

Session 2: Balancing customer protection and prudential regulatory considerations during the pandemic

The COVID-19 pandemic has exposed a massive business interruption protection gap and illustrated clear limits to insurability in the commercial space. While businesses need a safety net, insurers are not equipped to underwrite entire economies. This mismatch also merits a closer look at the interplay between the prudential and conduct sides of regulation. The session will present key considerations for insurers, regulators and policymakers in tackling these issues and searching for common ground.

 

Confirmed speakers

 

15:00–15:25   

Keynote speech: National and International Collaboration: Protecting Consumers and Promoting Resillient Insurance Markets

 

 

 

15:25–15:30    

Closing remarks